January by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take

  • Several metrics recorded record numbers in January. In many cases, January alone accounted for about 40-50% of total 2020 volume. 
  • Total adjusted on-chain volume saw a very strong increase of 94.4% to a new all-time high of $528.8 billion in January.
  • Adjusted on-chain volume of stablecoins increased by 73.1%, to a new all-time high of $308.7 billion in January.
  • Centralized exchange spot trading volumes increased by 138.7%, to a new all-time high of $916.6 billion in January.
  • Ethereum miners revenue increased by 123.3%, to a new all-time high of $829.6 million in January.

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